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- H.R.2534
H.R.2534: Rebuilding American Manufacturing Act of 2017
About This Bill
- Introduced May 18, 2017
- Latest Major Action May 18, 2017
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
3 (All Democrats)
Bill Version
- Introduced in House - May 18, 2017
Bill Summary
Rebuilding American Manufacturing Act of 2017 This bill amends the Internal Revenue Code to allow taxpayers engaged in domestic manufacturing in the United States a tax deduction equal to 50.5% (43% for C corporations) of the lesser of their domestic manufacturing income or their taxable income for the taxable year (thus effectively reducing their income tax rate to approximately 20%). The bill limits the amount of such deduction to 25% of...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 18, 2017 |
Referred to the House Committee on Ways and Means.
|
| May 18, 2017 |
Introduced in the House by Ron Kind (D-Wis.) |